New Delhi, April 21 (IANS). The central government is preparing to launch India Semiconductor Mission ‘ISM 2.0’ by May to rapidly expand the semiconductor ecosystem in the country. Its proposed outlay is estimated to be between Rs 1 lakh crore and Rs 1.2 lakh crore.
According to the report of NDTV Profit, talks are going on between the ministries regarding ISM 2.0. The Ministry of Electronics and Information Technology is awaiting approval from the Finance Ministry.
The report quoted sources as saying that the proposed outlay in ISM 2.0 is estimated to be much higher than the first phase, which was earlier Rs 76,000 crore.
Sources further said that under ISM 2.0, the government aims to expand the scope of the program beyond chip manufacturing and design to include support for semiconductor equipment, raw materials and other critical inputs, while also focusing on building full-stack intellectual property and strengthening supply chain resilience.
The government is taking this step at a time when due to global instability there are continuous disruptions in global supply chains.
Supporting players such as gas suppliers, specialty chemicals manufacturers, small and medium enterprises (MSMEs) and other ecosystem partners are expected to play a key role in this revised framework.
A key feature of the second phase is the revised Design-Linked Incentive (DLI 2.0) scheme, under which foreign companies are likely to be allowed to partner with Indian companies in semiconductor research and development within the country.
This initiative is expected to accelerate innovation and support the rise of up to 50 fabless semiconductor design firms in the coming years.
At India’s first ‘Nano Electronics Roadshow’ in March 2025, S., Secretary, Ministry of Electronics and Information Technology, Krishnan had said that the domestic semiconductor demand market is expected to grow to $110 billion by 2030.
–IANS
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